Let's talk trading: testing the exchange's risk control mechanism, and ending up feeling empty.
First wave: trading $H was about hitting the BSC chain hard, with the exchange index primarily based on the E chain. Plus, BG has a significant proportion in the Binance index. During the downturn, BG's trading volume was off the charts, and there were orders getting filled. The conclusion is that BG's spot price diverged, moving into Binance data, prompting us to go long since there was a divergence.
Second wave: I skipped this one, focusing on contract arbitrage by excluding the BG index for BN and OK.
Third wave: I aimed for the median. If Binance's risk control triggers, the index price will shift by about 3% based on the median and will cause a regression due to the premium index of the fees.
Put simply, we’re discarding the few highest and the few lowest prices.
At this point, Bybit’s index price has a larger weight from BN.
All exchanges have closed deposits for B and E chains, and the prices on BSC have become distorted, making Bybit's spot prices the anchor for the median.
If the E chain's H is controlled by the project party.
Or if the coins that were dumped on BSC are picked up at low prices and crashed to the E link (controlled by the project party for validation).
Then the spot on Bybit is in the hands of the trader.
Opened at 10 AM, maintaining a price difference of over 2%, and started pumping.
Entered a long contract, as shown in the first chart.
After closing, at 8 PM, a 15% divergence appeared, and I re-entered using profits.
Monitoring the reduction in contract positions, indicating long positions being closed. After stopping losses, I exited.
I’m done playing
$H , made 20k, and it was exhausting.
First wave: trading $H was about hitting the BSC chain hard, with the exchange index primarily based on the E chain. Plus, BG has a significant proportion in the Binance index. During the downturn, BG's trading volume was off the charts, and there were orders getting filled. The conclusion is that BG's spot price diverged, moving into Binance data, prompting us to go long since there was a divergence.
Second wave: I skipped this one, focusing on contract arbitrage by excluding the BG index for BN and OK.
Third wave: I aimed for the median. If Binance's risk control triggers, the index price will shift by about 3% based on the median and will cause a regression due to the premium index of the fees.
Put simply, we’re discarding the few highest and the few lowest prices.
At this point, Bybit’s index price has a larger weight from BN.
All exchanges have closed deposits for B and E chains, and the prices on BSC have become distorted, making Bybit's spot prices the anchor for the median.
If the E chain's H is controlled by the project party.
Or if the coins that were dumped on BSC are picked up at low prices and crashed to the E link (controlled by the project party for validation).
Then the spot on Bybit is in the hands of the trader.
Opened at 10 AM, maintaining a price difference of over 2%, and started pumping.
Entered a long contract, as shown in the first chart.
After closing, at 8 PM, a 15% divergence appeared, and I re-entered using profits.
Monitoring the reduction in contract positions, indicating long positions being closed. After stopping losses, I exited.
I’m done playing
$H , made 20k, and it was exhausting.